Author: NBTC

The Mt. Gox Trustee sent $2.25 billion in Bitcoin to two BitGo addresses as part of a $9 billion creditor repayment plan. After sending about $3 billion in Bitcoin (BTC) to Kraken and at least $335.8 million to Bitstamp, the defunct crypto exchange Mt. Gox also settled transfers to BitGo on July 31. It was previously unclear where the platform moved funds to as crypto.news reported. However, the Trustee’s emails to users cited on a subreddit dubbed “mtgoxinsolvency” and Akrham intelligence confirmed BitGo was the recipient. Users said BitGo balances had not reflected the payments at press time. BTC initially…

ICP’s unique market approach involves locking tokens during volatility, showing resilience and a long-term commitment from holders. ICP has yet to fully benefit from the network effect, which may indicate untapped growth potential in the crypto market. ICP’s voting power, managed by the NNS, could lead to a supply shock, presenting new arbitrage opportunities for investors. The Internet Computer Protocol is an established protocol in the cryptocurrency world, yet it remains a puzzle to many investors. Unlike Ethereum or Solana, ICP has not seen a sharp rise in value, leading many to question its place in the market. However, this…

Bitcoin sees a dramatic surge in buyer activity on Binance amid a significant increase in the Taker Buy-Sell Ratio and whale movements. Analyst Ali Martinez observed and drew attention to the trend in a recent update. This surge aligns with data on the Bitcoin Taker Buy Sell Ratio from the snapshot shared by Martinez. The Ratio, measuring buy versus sell orders, offers critical insights into market sentiment. From July 27 to July 31, the ratio fluctuated between below 0.8 and above 1.7. Periods above 1.0 indicate aggressive buying, while those below 1.0 suggest aggressive selling. Notably, spikes above 1.2 often…

Investors might require a substantial amount of Shiba Inu tokens to comfortably retire should SHIB ever hit audacious targets like $0.0001 and $0.001. Shiba Inu’s mission to reach greater heights in this market cycle has faced inhibitions from the bears. This is largely due to the broader crypto market’s inability to breach certain resistance levels, as Bitcoin (BTC) continues to witness roadblocks to its upsurge. In addition, market declines have posed another problem. Shiba Inu Accumulation Amid Market Uncertainty The latest market crash occurred on Aug. 5, which pushed Bitcoin below the $50,000 price territory for the first time in…

As the cryptocurrency industry continues to grow, investors are finding opportunities to profit from carefully timing their crypto trades, as demonstrated in the example of one crypto trader making over $67,300 in just seven hours trading meme coins on the Tron (TRX) network. Specifically, trader ‘TEP7…T1da’ has spent 5,000 TRX, worth $650, to purchase 6.87 million Sundog (SUNDOG), after which they sold 4.57 million SUNDOG for 522,840 TRX, worth $68,000, thus earning 517,849 TRX, or $67,300, according to the data shared by Lookonchain in an X post on August 16. As the blockchain analytics platform pointed out, these trades took…

The crypto gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few…

An interesting situation happend today in the world of cryptocurrency market statistics. Lookonchain reported a huge outflow from Bitcoin ETFs, saying that in the last 24 hours, 26,823 BTC, equivalent to more than $1.7 billion, have flowed out of nine investment products. According to the report, despite inflows of 1,138 BTC into BlackRock’s IBIT Bitcoin ETF, 27,753 BTC flowed out of Grayscale Bitcoin Trust, making it look like such a huge outflow. It really was. However, the fact is that almost all of Grayscale’s BTCs have not just flowed somewhere, but into the new Grayscale Bitcoin Mini Trust. As a…

Trump-based memecoins have sharply declined from its recent highs. Kamala Harris has a 10% lead over Donald Trump’s odds in a new poll. Trump-themed memecoins have sharply declined following new poll results for the 2024 U.S. presidential race. The polls show Democratic nominee Kamala Harris leading Republican nominee Donald Trump by 10%, with her chances at 54% and his falling from 72% to 44%. Formerly, Trump had 64 percent of the vote against Harris’ 29 percent. On July 31, another poll gave the Republican nominee a smaller majority of 56% of the vote against the Vice President’s 45 percent. Vice…

I was asked repeatedly throughout this year’s Bitcoin 2024 conference what my highlight of the moment was — what the signal was amongst the noise. As I returned from Nashville, it occurred to me that, each time, I could never answer the question satisfyingly. In part, because I simply couldn’t keep up. The activity around the news desk and my support for those running the show left me with little time to focus on anything else. I can’t say I regret it. Anyone who gravitated around our livestream studio space during the week can attest to the energy surrounding it.…

Major token unlockings are scheduled for the upcoming week with $213 million in digital assets set to hit the market. This news has sparked concern among investors in these cryptocurrencies, as token unlocking events are often linked to selling pressure. Notably, the biggest ecosystem to release tokens in the market is Avalanche (AVAX), a layer one blockchain that seeks to dethrone Ethereum. In a post on social media platform X (formerly Twitter), Token Unlocks confirmed that along with AVAX, other ecosystems to release coins into the market include Pixels (PIXEL), Space ID (ID), 1Inch (1INCH), Galaxy (GAL), Acala Token (ACA),…